Housing Wire

NOVEMBER 20, 2024

Momentum Builder has acquired Sales Mastery , the companies announced Wednesday. The merger of two industry leaders in sales training and coaching will result in a “unified super brand” that will be known as Sales Mastery Powered by Momentum Builder, the companies said in a press release. “The launch of Sales Mastery Powered by Momentum Builder marks a transformative moment in the housing industry, signaling a seismic shift in how sales professionals will approach success,” said Todd Dunca

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Training Tools Mortgage Marketing 370

Appraisal Buzz

NOVEMBER 20, 2024

Mortgage application volume edged up 1.7% on an adjusted basis during the week ended November 15, despite mortgage rates moving higher, according to the Mortgage Bankers Association’s (MBA) Weekly Applications Survey. Applications for refinances increased 2% from the previous week and were up 43% compared with the same week one year ago. Applications for purchases also increased 2% compared with the previous week but were down 1% compared with a year ago.

Mortgage 195

Mortgage Inventory Buyers Appraisal 195

Housing Wire

NOVEMBER 20, 2024

Nearly three quarters of recent American home sellers said in a Clever survey that using a traditional real estate agent is the best way to sell. As real estate agents adjust to sweeping changes brought by the commission lawsuit settlement, a new report from discount brokerage Clever Real Estate reveals one thing hasn’t shifted: Americans still overwhelmingly trust full-service agents to sell their homes.

Real Estate Agent 354

Real Estate Agent Real Estate Agents Sellers 354

Appraisal Buzz

NOVEMBER 20, 2024

Amid the ongoing effects of inflation, Americans are making significant adjustments to their financial routines. A recent report by doxo reveals that although 65% of consumers feel some relief as inflation cools, 74% have modified their spending and saving behaviors over the past year. Despite some economic improvements, 85% of Americans remain as concerned—or more—about their financial stability compared to last year.

Insurance 195

Insurance Finance Appraisal Mortgage 195

Housing Wire

NOVEMBER 20, 2024

In today’s economy, mortgage rates and housing expenses have consistently risen. As a result, older citizens are tapping into their retirement savings to cover costs—if they have it. However, homeowners have a unique advantage with home equity products—designed to let residents tap into their home’s equity for cash. Mortgage professionals must keep up with the new demand for home equity products in the new market.

Finance 328

Finance Marketing Lending Mortgage 328

Appraisal Buzz

NOVEMBER 20, 2024

Mortgage credit availability increased in October according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from ICE Mortgage Technology. The MCAI rose by 0.7 percent to 99.2 in October. A decline in the MCAI indicates that lending standards are tightening, while increases in the index are indicative of loosening credit.

Mortgage 195

Mortgage Government Design Construction 195

Appraisal Buzz

NOVEMBER 20, 2024

The rate of critical defects found in mortgages post-closing increased to 1.81% of all loans in the second quarter, according to ACES Quality Management (ACES), a provider of enterprise quality management and control software. That’s an increase of 14.56% compared with the first quarter, the firm says in its latest Mortgage QC Industry Trends Report.

Insurance 195

Insurance Tools Lending Appraisal 195

Housing Wire

NOVEMBER 20, 2024

Executives at mortgage lenders anticipate a minimum 20% increase in credit reporting costs in 2025 compared to 2024. And the soaring costs will hit as lenders try to dig out from multiple years of financial losses and mass layoffs. In early November, Fair Isaac Corp. (FICO), the company behind the widely used consumer credit-risk assessment methodology, announced an increase in its wholesale royalty for mortgage originations from $3.50 to $4.95 per score.

Mortgage 301

Mortgage Loan Officers Investing Marketing 301

Appraisal Buzz

NOVEMBER 20, 2024

Applications for mortgages for new home purchases increased 3% in October compared with September and were up 8.2% compared with September 2023, according to the Mortgage Bankers Association (MBA) Builder Application Survey (BAS). “New home purchase activity picked up in October even as stronger economic data and election uncertainty pushed mortgage rates higher over the course of the month,” says Joel Kan, vice president and deputy chief economist for the MBA, in a statement.

Construction 195

Construction Buyers Inventory Mortgage 195

Housing Wire

NOVEMBER 20, 2024

The National Association of Realtors (NAR) is getting a temporary reprieve from the latest antitrust suit it’s fighting regarding “three-way membership agreements” for MLS access. On Monday, the complaint filed earlier this month in U.S. District Court in Los Angeles by John Diaz was dismissed by Judge Dolly Gee. According to the judge’s ruling, the complaint was dismissed as it did not comply with a local court rule which requires that all documents, except declarations, to be

Realtors 302

Realtors Real Estate Agents Business 302

Appraisal Buzz

NOVEMBER 20, 2024

In this episode, we sit down with Brijaye Brackett from Accurate Group to dive into her launch into the appraisal industry. From her first introduction to the world of appraising to becoming one of the early success stories of the Appraisal Diversity Initiative (ADI) scholarship program, Brijaye shares her unique perspective and experiences. We explore the skills and insights she gained, the challenges and triumphs she’s faced, and what excites her most about her work.

Appraisal 195

Appraisal Modernization Valuation Real Estate 195

Housing Wire

NOVEMBER 20, 2024

While many older homeowners own their properties free and clear of a mortgage payment, this is not a feasible reality for many seniors. In fact, more than 10.5 million Americans at or over the age of 65 still pay into a forward mortgage loan, according to a study conducted by LendingTree. To get a better grasp of the dynamics involved with older homeowners maintaining their existing mortgages, LendingTree took a closer look at data from the U.S.

Mortgage 300

Mortgage Property Taxes 300

George Dell

NOVEMBER 20, 2024

Recent GSE (Fannie Mae and Freddie Mac) guidelines for appraisers and lenders make some assumptions. In particular we can use, for example, the requirements for market analysis and time adjustments. USPAP (Uniform Standards of Professional Practice) Rule 1-4 states that an appraiser must “collect, verify, and analyze all information…and must analyze such comparable sales data […] The post A GSE Versus USPAP Conflict?

Appraisal 195

Appraisal Marketing 195

Housing Wire

NOVEMBER 20, 2024

HSBC has agreed to direct $25 million over the next four years to support underserved communities in an agreement with the National Community Reinvestment Coalition (NCRC) following allegations of redlining , the parties announced on Wednesday. In August 2023 , the bank disclosed it was under investigation by the Department of Housing and Urban Development (HUD) after the nonprofit organization filed a complaint alleging violations of the U.S.

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Loan Officers Lending Development Mortgage 270

Real Estate News

NOVEMBER 20, 2024

The luxury-focused firm announced its first franchise in the D.C. metro, which will boost its total agent count and number of offices by nearly 10% each.

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Agents 203

Housing Wire

NOVEMBER 20, 2024

The 2024 housing market is shaping out to be one of the slowest in recent memory, but what can the industry expect in 2025? HousingWire Lead Analyst Logan Mohtashami and Altos Research Founder Mike Simonsen have compiled a comprehensive forecast for the 2025 housing market. The report offers hope that next year will be better than the last, but only to an extent.

Marketing 277

Marketing Inventory Housing Market Realtors 277

Real Estate News

NOVEMBER 20, 2024

The reversal follows 14 years of larger gains for homes in high-risk areas, suggesting that buyers may be less willing to move to disaster-prone regions.

Home Value 178

Home Value Buyers 178

Housing Wire

NOVEMBER 20, 2024

White-label brokerage Side is seeking more than $4 million from the Alexander brothers and the brokerage Official Partners. According to an amended complaint filed this week, Side alleges that Official Partners and its founders Tal and Oren Alexander committed multiple events of default on a $4.6 million promissory note Side extended in April. Side claims the current balance owed is $4.2 million, and the note continues to accrue interest.

Legal Fees 244

Legal Fees Real Estate Agent Brokerage Legal 244

Eyes on Housing

NOVEMBER 20, 2024

Reflecting the sharp increase in net immigration of recent years, the number of new immigrants joining the construction industry rose substantially in 2022. According to the latest American Community Survey (ACS), the industry managed to attract close to 130,000 new workers coming from outside the U.S. to help with persistent labor shortages. For comparison, this.

Construction 158

Construction Marketing 158

Housing Wire

NOVEMBER 20, 2024

Fannie Mae on Wednesday announced that its next version of the Desktop Underwriter (DU) software platform will be available for users on Jan. 11. The platform will feature “enhanced” risk assessment by incorporating new data points, including updated market conditions and loan performance data in its assessment functionality. Fannie Mae said that DU version 12.0 represents “a major update to DU’s credit risk assessment and opens new opportunities for homeownership ,” while claiming it will also

Development 252

Development Mortgage Marketing 252

Inman

NOVEMBER 20, 2024

The nation's real gross domestic product grew at an annual rate of 2.8 percent in the third quarter of the year. But with falling sales and tapering price growth, agents could be forgiven for feeling left out.

Real Estate 159

Real Estate Agents Investing Brokerage 159

Housing Wire

NOVEMBER 20, 2024

Chicago-based multichannel mortgage lender Rate , formerly known as Guaranteed Rate , has announced a shakeup in its reverse mortgage division’s leadership by appointing two longtime industry veterans to lead the company’s efforts with older borrowers. Jesse Allen, most recently of OneTrust Home Loans and formerly of American Advisors Group (AAG), has been appointed to the role of president for the division.

Mortgage 196

Mortgage Lending Loan Officers Marketing 196

Inman

NOVEMBER 20, 2024

The acquisition of the Massachusetts-based brokerage marks Lamacchia Realty's 10th acquisition in the state over the past 16 months, adding offices in Newburyport and Amesbury.

Realty 156

Realty Brokerage Agents 156

Housing Wire

NOVEMBER 20, 2024

NAR’s volunteer leaders receive financial benefits that no other nonprofit in the housing space comes close to matching, 990 filings reveal. Earlier this week the National Association of Realtors (NAR) made headlines for the extravagant perks and compensation its executives and volunteer leaders receive. A New York Times investigation detailed the lavish perks enjoyed by trade group executives, particularly former CEO Bob Goldberg, who had three memberships to exclusive country clubs, paid

Legal 173

Legal Law Business Government 173

Inman

NOVEMBER 20, 2024

Rick Guerrero talks to coach Katherine Loucaidou about making the leap from a steady full-time job to running your own real estate business.

Real Estate 157

Real Estate Business Real Estate Agent Agents 157

Eyes on Housing

NOVEMBER 20, 2024

Single-family built-for-rent construction posted year-over-year gains for the third quarter of 2024, as builders sought to add additional rental housing in a market facing ongoing, elevated mortgage interest rates. According to NAHB’s analysis of data from the Census Bureau’s Quarterly Starts and Completions by Purpose and Design, there were approximately 24,000 single-family built-for-rent (SFBFR) starts during.

Construction 97

Construction Design Mortgage Marketing 97

Inman

NOVEMBER 20, 2024

It's time for a vibe check as we gear up for Thanksgiving, so let us know what you're most grateful for this holiday season.

Agents 153

Agents 153

Birmingham Appraisal

NOVEMBER 20, 2024

It’s been several weeks now since I’ve blogged and to be honest I’ve missed it. Blogging provides me a creative outlet to help educate the public on the appraisal process. If you had told me in 2010 that I would still be writing my appraisal blog 14 years later I would have said you were crazy, but here I am. Much has changed in the appraisal world from when I first started writing but one thing remains the same and that is the need to put out accurate information about how and

Real Estate 73

Real Estate Appraisal Inspection Contracts 73

Inman

NOVEMBER 20, 2024

Find out how New York City real estate agent Andrea Wernick became a seller specialist and why she believes in the power of staging.

Real Estate Agent 151

Real Estate Agent Real Estate Sellers Agents 151

BiggerPockets

NOVEMBER 20, 2024

After a mammoth $418 million National Association of Realtors (NAR) settlement threatened to decimate real estate agent commissions, AccountTECH, an accounting software firm, has crunched the numbers to see how […]

Real Estate Agent 54

Real Estate Agent Real Estate Realtors Agents 54

Inman

NOVEMBER 20, 2024

Title insurers have waged a protracted PR and lobbying campaign opposing the pilot program and other title insurance alternatives endorsed by the Biden administration and consumer groups.

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Mortgagebroker News

NOVEMBER 20, 2024

Planned commission will have 'tedious work,' while 'compensation is zero'

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Inman

NOVEMBER 20, 2024

Designed to comfortably house up to 36 people, the bunker includes 10 bedrooms, three private bathrooms and a large master bedroom with a private bathroom. There is also the option to add six to eight additional bedrooms in the existing upper mezzanine.

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BiggerPockets

NOVEMBER 20, 2024

The Raleigh and Charlotte, North Carolina, metros grew tremendously over the past five years, with a population growth of 11.53% and 8.81%, respectively (the U.S. average was 2.94%).

Housing Market 44

Housing Market Marketing 44